Vietnam Manufacturing PMI2012-2020 Data | 2021-2022 Forecast | Calendar

The IHS Markit Vietnam Manufacturing PMI fell to 45.7 in August 2020, the lowest since May, from 47.6 in July, amid a resurgence in local COVID-19 infections. Both output and new orders fell for the second month in a row, and to greater extents than were recorded in July. Data also pointed to a sharp reduction in new export orders, and one that was faster than that seen for total new business, while a fall in employment was among the strongest on record, and a faster drop in purchasing activity was also recorded though the rate was still much weaker than April's record. Meanwhile, the impact of the pandemic was central to another lengthening of suppliers' delivery times. On the price front, input cost increased for the third month running, albeit at only a slight pace that was slower than the series average. Meantime, selling prices have now fell in each of the past seven months, with the latest fall the fastest since May. Lastly, sentiment weakened.

The IHS Markit Vietnam Manufacturing PMI fell to 47.6 in July 2020 from 51.1 in June, as the COVID-19 crisis continued to impact demand and activity. Both output and new orders contracted after growing in June, amid a sharp drop in export sales and a further reduction in employment. Also, manufacturers scaled back their purchasing activity, stocks of inputs and finished goods inventories. Suppliers' delivery times lengthened for the eighth time in as many months. Difficulties receiving items from suppliers in China and issues with sea transportation were reportedly behind the latest instance of lead time lengthening. Regarding prices, input costs went up for the second straight month, though the rate of inflation remained muted. Meanwhile, output prices were reduced for the sixth month running. Looking ahead, business confidence weakened slightly, but remained positive.

The IHS Markit Vietnam Manufacturing PMI soared to 51.1 in June 2020 from 42.7 in May, pointing to the first growth since January following the government's success in suppressing the coronavirus pandemic. There was a rebound in output on the back of a solid pace increase in new orders. Purchasing activity also grew, with pre-production inventories rising the most since November 2018. Meantime, employment fell at the slowest rate since February, marking the fifth straight month of drop; while backlogs of work dropped again. Suppliers' delivery times lengthened for the seventh consecutive month, albeit to the least extent since January. Regarding prices, input cost inflation rose for the first time in three months, amid scarcity of certain materials. Selling prices, meanwhile, fell for the fifth month running, with the rate the weakest in this sequence. Finally, sentiment strengthened sharply for the second straight month and was the highest since January.

The IHS Markit Vietnam Manufacturing PMI jumped to 42.7 in May 2020 from a record low of 32.7 a month earlier, amid the success Vietnam has had in bringing the COVID-19 outbreak under control. Output, new orders, and employment all decreased at rates unseen prior to the current crisis, while there were particular reports of difficulties in securing new export orders. Manufacturers also continued to scale back their purchasing activity and inventories of both purchases and finished goods, though in each case to lesser extents than in April. Meanwhile, vendor delivery time lengthened markedly. Regarding prices, input costs fell for the second straight month, particularly due to lower oil prices; and selling prices were also cut to attract new business. Finally, confidence was still the second-lowest since available records began in April 2012 amid concerns that the impacts of the pandemic will linger.